Among the latest moves, BlueCrest Capital Management, a hedge fund, has hired several employees over the last three months. They include Nicholas O’Grady, a former SAC oil and gas portfolio manager who joined BlueCrest in November after working nearly two years for the Sigma Capital division of Mr. Cohen’s hedge fund.

An energy analyst, Eugene Lipovetsky, joined him at BlueCrest soon after. BlueCrest, which manages $35bn, has already hired Lia Forcina and Alidod Shirinbekov from SAC’s soon-to-be-closed London office.

SAC continues to be under pressure from the insider trading investigation. On Wednesday, one of the firm’s highest-ranking employees to be charged in the inquiry, Michael S. Steinberg, was convicted on five counts of securities fraud.

Ian Bolland

A journalism graduate of Liverpool John Moores University. During his time at university, Ian spent time on work experience at local newspapers in Liverpool, Bolton and Wigan, and prior to that he did work for The Observer's 'fans verdict'. Ian also has interests in news, current affairs and business but mostly sport, including football, rugby league, cricket, golf and Formula 1, amongst others.